Topics

Archives

Select Month:

Contributors

Posts tagged estate.
October 29, 2010
Facebook LinkedIn Twitter Email Print

An earlier blog post focused on important issues relating to the Letter of Intent. Assuming now that you have gotten past the letter of intent stage and are moving forward to a binding lease agreement, we will now focus on common legal issues reviewed from the tenant’s perspective. If your current lease is up for renewal or you are in the market for new space, the following is a list of important but basic issues to address with your attorney in connection with any successful lease negotiation with your landlord. 

This Part I will focus on basic provisions such as assignment/subletting, use restrictions and the commencement date, and Part II will address other issues including insurance, mutual waivers and defaults.

 

It has been widely reported that Northrop Grumman has chosen a building located in the Fairview Park area of Fairfax County to relocate approximately 300 employees from Los Angeles. Certainly this decision bodes well for the Northern Virginia region as a whole, as proximity to Washington, D.C., the Pentagon and the Northern Virginia technology centers offers many advantages. In recent years, other corporate giants such as Hilton, CSC, and Volkswagen of America have all relocated to Northern Virginia. After deciding on Virginia instead of Maryland, Northrop Grumman focused on sites in Arlington and Fairfax Counties before ultimately selecting the Fairview Park property. State and local government incentive programs were considerable.